December 8th, 2021
Shopify's Sustainability Fund Director, Stacy Kauk, joins us to discuss the company’s discovery of the carbon removal market, its current limitations, and how they’re investing $5M annually to scale the market.
About two years ago, Shopify was looking to go the extra mile on its environmental footprint by purchasing carbon credits or offsets. Through discovery, the company realized how limited the market was for this type of sustainability method and how it needed growth.
In this episode, Cody chats with Stacy Kauk, Shopify’s director of Sustainability Fund, which makes an annual commitment of $5 million toward entrepreneurial breakthrough technologies and companies to advance sustainability. Stacy shares how the fund tries to identify and support those solutions that all of humanity is going to need in the long run (“We’re playing the long game.”), and gives us insights into what exactly is emission reduction versus carbon removal.
Cody and Stacy also discuss how climate change is a real threat to entrepreneurship, how they are trying to kickstart the market and democratize sustainability, and how buyers can find these products to help their carbon offset.
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Check out Shopify's Sustainability Fund here: https://www.shopify.com/about/environment/sustainability-fund